/biz/ - Business & Finance

[Anonymous No.18836164]

ETH was underestimated in 2017 and it will be in 2020

[Anonymous No.18836172]

>>18836164
Daily reminder '17+ fags opinions are worthless

[Anonymous No.18836185]

>>18836164
This project should be worth 1 million like omni

[Anonymous No.18836187]

>>18836164
ICO scam that peaked

[Anonymous No.18836197]

If you didn't listen to the POV Crypto podcast with Vitalik then I don't want you to miss out. Here is what Vitalik said:

"One of the reasons why we are doing proof of stake is because we want to greatly reduce the issuance. The issuance is significantly going down.

In the specs for Eth 2.0 we put out a calculation that the theoretical maximum issuance would be 2 million ETH a year and that's if literally everyone participates. If more realistic amounts of people participate then it would be much lower.

For example if you look at the number of ether participating on the Eth 2.0 testnet, the issuance is something like 100k Eth every year. Realistically it will be somewhere between 100k and 1 million Eth every year compared to about 4.7 million ether today."

That is an 80% drop in new Eth issued per year...

And if that wasn't enough; on EIP 1559:

"There exists a mechanism by which the supply could theoretically go down. And so if demand for sending ethereum transactions ends up being durably very high then we can even see a possible scenario where the transaction fees that get burned from this EIP1559 mechanism are greater than the amount that get issued through proof of stake. The supply of ETH could even go down over time."

Now add in staking and what happens when large amounts of ETH are locked up for months.

[Anonymous No.18836199]

5 percent yearly returns on staking will make Ethereum attractive to large investors, as they usually look for stable returns in that range. In order to push down staking rewards to that range, between 10 and 30 million ETH would need to be locked into ETH 2.0 validators, which represents 10 to 30 percent of the coin’s total circulating supply. Locking up that much of the circulating supply creates a supply shock, scarcity will create a price spike. The price spike will push those same investors into buying more ETH in order to stake more of it, which would, in turn, create a ripple effect causing a general market upturn. The FOMO among retail investors will reach its peak and begin buying heavily into ETH to make sure they don’t “miss out,”. Unlike the bull run in 2017, this one will happen much faster as there are more fiat on-ramps available and hundreds of millions of verified users on major exchanges.

[Anonymous No.18836221]

Bitcoin can do everything ETH can and more. Plus its digital gold.

[Anonymous No.18836262]

>>18836221
Bitcoin (ticker BSV) or BTC?

[Anonymous No.18836291]

>>18836197
>>18836199
IQ too high for this board, leave now

[Anonymous No.18836304]

>>18836197
i've listened to this podcast like 4 times. i love it

[Anonymous No.18836312]

>>18836221
BASED RETARD

[Anonymous No.18836327]

>>18836262
The real bitcoin

[Anonymous No.18836339]

>>18836221
BTC is the real Ethereum

[Anonymous No.18836347]

>>18836164
>underestimated
eth is waaay he uck overesimated currenly

[Anonymous No.18836356]

>>18836347
bsaed

[Anonymous No.18836366]

>>18836347
Last time btc went to 9k eth was 1k. Now btc is at 9k again, eth sits at 200

[Anonymous No.18836372]

>>18836199
>false dichotomy fantasy novelist
no matter what happens i win

[Anonymous No.18836375]

Grow a pair and accept that ETH is over.
It’s only purpose was to enstablish a Ponzi scheme forcing people to buy ETH, to buy ICO’s.
That kind of scenario is never going to happen again.

[Anonymous No.18836376]

>>18836221

[Anonymous No.18836383]

>>18836197
yep, retards dont realise eth can go parabolic with such a supply drop

[Anonymous No.18836392]

>>18836366
>last time bitcoin went to xxxxx my currently heavy bags went to yyyyy
>therefore
QED

[Anonymous No.18836629]

>>18836392
You are a very mean person